Variman Global's Q1 2024 Financial Report Shows Mixed Performance
Variman Global Enterprises, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Variman Global has seen a flat performance in the quarter, with a score of -1 compared to 6 in the previous quarter. However, there are some positive aspects to the company's performance. The Profit After Tax (PAT) for the nine-month period was higher at Rs 1.50 crore, compared to the preceding 12-month period of Rs 0.30 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.
On the other hand, there are some areas of concern for Variman Global. The Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs -1.31 crore. This suggests a negative trend in the company's near-term operating profit. The Operating Profit Margin for the quarter was also at its lowest in the last five quarters, indicating a deterioration in the company's efficiency. The Profit Before Tax less Other Income (PBT) for the quarter was also at its lowest in the last five quarters, with a negative trend in the near term. Additionally, the company's Non-Operating Income was at its highest in the last five quarters, which may not be sustainable as it comes from non-business activities.
Overall, Variman Global's financial performance for the quarter ended March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any decisions regarding the company's stock.
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